Melton Mowbray Building Society Conveyancing Panel Information

The information on this page is designed to keep solicitors and licensed conveyancers abreast of latest requirements changes by Melton Mowbray Building Society and to assist in remaining on the Melton Mowbray Building Society Approved Conveyancing Solicitors Panel.

Melton Mowbray Building Society Conveyancing Panel Assistance:

What are the Melton Mowbray Building Society conveyancing panel criteria?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements. The Special Requirements state:

All conveyancers are subject to panel requirements and must be approved onto the Society's conveyancing panel.  Please refer to the mortgage completions team if further information is required.

You must also comply with the terms and conditions of your Melton Mowbray Building Society solicitor panel appointment.

Given my firm’s membership on the Melton Mowbray Building Society conveyancing panel how long am I expected to keep hold of the original conveyancing file?
The BSA Mortgage Instructions state that the firm must keep the file for at least 6 years from the date of the mortgage. Data imaging is normally suitable compliance with this requirement. As a firm on the Melton Mowbray Building Society conveyancing panel you must allow Melton Mowbray Building Society to conduct such reasonable audit of your information security measures as Melton Mowbray Building Society or their agents may to ensure your compliance with your file retention obligations.
Who do building societies include on their conveyancing panel?
In the same way that there is a unique Melton Mowbray Building Society conveyancing panel most building societies, operate a conveyancing panel for solicitors and other conveyancers that the lender will instruct. Terms and Conditions and criteria for inclusion on a building society conveyancing panel vary from lender-to-lender. Having CQS accreditation may be a requirement.

Institutional lenders, such as a building society, is a client and is entitled to instruct the solicitor or conveyancer of its choosing (who, in turn, is free to accept or refuse instructions). Therefore, if lender and borrower cannot agree which solicitor or conveyancer should represent them jointly, they would usually proceed on a separate representation basis.

My firm is not on the Melton Mowbray Building Society conveyancing panel among other lenders . My clients, who are getting a mortgage with Melton Mowbray Building Society wish use my firms conveyancing services even though I am not on the Melton Mowbray Building Society panel. Am I doing anything wrong is suggesting to my client that they use a local to act for Melton Mowbray Building Society on mortgage aspect of the conveyancing?
Please tread carefully here as what you are intending may not be acceptable to the mortgage company. It is possible that you (as a non-panel firm) or the mortgage applicant are not at liberty instruct a panel firm of your choice. Many lenders make it clear to their panel firms that where a non-panel member firm is instructed by one of their mortgage applicants, the lender will appoint a panel firm to carry out its instructions and to liaise with the borrower's conveyancer. You also need to make the costs implications and potential for delay very clear to your client.
My PI renewal application this year contained the following question: ‘Has your Firm been asked by a lender to agree to more onerous terms and conditions than provided for in the BSA Mortgage Instructions?’ My firm is on numerous approved panels including the Melton Mowbray Building Society conveyancing panel. We have Terms and Conditions of appointment which we are duty bound to comply with. Should I reference these Conditions?
The key here is the caveat ‘more onerous’.

You have to try and take an objective view as to whether the Terms relating to the Melton Mowbray Building Society conveyancing appointment (or other terms for other lenders) are ‘more onerous’ than the BSA Mortgage Instructions. Depending on the Terms you may need to provide details on your renewal form. If you are in any doubt please call your broker to discuss before moving forward on this question.

My firm is on the Melton Mowbray Building Society conveyancing panel. I am dealing with Melton Mowbray Building Society mortgage on a purchase. My borrower client is asking not to disclose an issue to Melton Mowbray Building Society. What do I do in this conflict situation?
When a solicitor is acting for both Melton Mowbray Building Society and borrower there is potential for conflicts to arise. You owe duties to both clients. All information received by you from your client is confidential and cannot be disclosed without the client’s consent.

In your situation, if the purchaser will not consent to the information being passed on to the lender, the solicitor must cease to act for Melton Mowbray Building Society and it may well be prudent for you to cease to act for the purchaser as well. You must not inform Melton Mowbray Building Society of the reason for termination of the retainer over and above the fact that a conflict has arisen. The fact that you can no longer act should alert even the most somnambulistic of lenders that something is wrong with the borrower and/or purchase. The fact that you have disinstructed yourself should not affect your Melton Mowbray Building Society conveyancing panel status.

What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of frequency of questions. The most popular lender panels in terms of questions are as follows:

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Average number of days to register title including a charge in favour of Melton Mowbray Building Society
This information relates to purchase only and not remortgages.
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* Data aggregated from sources including COMPLETIONmonitor